News
Soybeans saw relative strength overnight, supported by continued strength in soyoil.
Corn futures faced followthrough selling overnight, though remaining above Tuesday’s contract lows.
Concerns about U.S. agricultural exports were a leading factor in the weaker long-term sentiment.
Farm bill showdown averted as Grassley tables amendment on farmer payment limits.
Corn and soybeans led weakness overnight as good crop conditions and a favorable forecast weighed heavily on prices.
Corn conditions unexpectedly improved to the highest rating for this time of year since 2018.
No real surprises in planted acreage estimates or June 1 stocks, aside from cotton acreage coming in higher than anticipated.
USDA trimmed both corn and soy acres from its March estimate, while stocks were slightly higher than expected for corn, soybeans and wheat.
Wheat inspections during the week ended June 26 rose 179,657 MT from the previous week, while corn and soybean inspections each declined.
Key trade talks continue ahead of July 9 deadline to increase tariffs.
Corn futures are weaker with soybeans higher and wheat futures choppy. Livestock futures open the week under pressure...
USDA’s June 30 reports, One Big Beautiful Bill, last-minute trade negotiations and more in what will be a holiday-shortened week.
Grains led weakness overnight while soybeans saw relative strength, supported by gains in soyoil.
Corn, soybeans and wheat traded on both sides of unchanged in a relatively light overnight session as traders await USDA’s reports later this morning.
White House downplays July 9 trade deadline.
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